F
50%
Overall NAT. AVG.
19%
Goods & Services NAT. AVG.
134%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Eastmont Washington National
Cost of living150118100
Goods & Services119111100
Groceries112110100
Health care118120100
Housing234135100
Transportation122123100
Utilities9592100

An Overview of Cost of Living in Eastmont, WA

Knowing the cost of living in Eastmont allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Eastmont stands at 150, marking it 50% higher than the national average.

If you prioritize affordability when seeking a new place to live, Eastmont may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Eastmont falls into this category, which may not align with your preferences for a budget-friendly living environment.

When it comes to the cost of living in Eastmont, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 133.8% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Recurring goods and services expenses like haircuts, toothpaste, gym memberships and movie nights are a big part of your spending and make up 33% of the cost of living index. In Eastmont, these items will cost you 18.7% more than what most folks pay, making it a bit more expensive to live here.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Eastmont, the news isn't any better as grocery prices are 12.4% higher than the national average.

Is Eastmont Affordable?

Wondering if Eastmont is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Eastmont, for example, the median home price is 153.2% higher than what folks pay nationally, and monthly rent is 88.5% higher than the usual rates. Plus, income levels matter too, with Eastmont boasting a median household income of $118,539, which is 114.3% higher than the national average.

What Factors can Influence the Cost of Living in Eastmont?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Eastmont, is 133.8% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Eastmont, the groceries index is 12.4% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Eastmont, healthcare costs are 18% higher than the national average.

Where is the Data From?

The Eastmont cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Eastmont is 27% higher than the Washington average
  • The cost of living in Eastmont is 50% higher than the national average
  • Eastmont housing is 134% higher than the national average
  • Washington general sales tax is 27% higher than the national average
  • Washington state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Eastmont

See all the best places to live around Eastmont

Compare Eastmont, WA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$123,294$10,275$2,877$3,699
      Renters$66,406$5,534$1,549$1,992
      A good indicator of the general affordability of housing in Eastmont, WA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Eastmont, the median monthly income is $123,294 for those who own their own homes. Under the standard rule, that income level would allow for $2,877 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $66,406, per the median income in the area. That would allow for renters to spend up to $1,549 on monthly rental expenses.

      Washington Sales Tax

      State General Sales Tax With Max Surtax
      Washington 6.5% 10.4%

      Washington Income Tax

      State Income Tax (Low) Income Tax (High)
      Washington 0% 0%

      Goods & Services

      Item Eastmont National avg. Difference
      Haircut $31.33$24.2629.1%
      Beauty Salon $49.67$45.569.0%
      Toothpaste $3.89$3.705.1%
      Shampoo $1.21$1.285.8%
      Movie $12.43$12.132.4%
      Bowling $18.08$18.000.5%

      Groceries

      Item Eastmont National avg. Difference
      Ground Beef $6.18$5.845.9%
      Fried Chicken $2.23$1.5742.0%
      Milk $4.87$4.674.2%
      Potatoes $4.43$4.9310.2%
      Pizza $13.35$12.0910.4%
      Beer $11.13$10.416.9%

      Health Care

      Item Eastmont National avg. Difference
      Optometrist $132.73$125.685.6%
      Doctor $183.40$135.7835.1%
      Dentist $146.29$113.2929.1%
      Ibuprofen $11.37$10.656.7%
      Lipitor $508.19$468.608.4%

      Housing

      Item Eastmont National avg. Difference
      Home Price $467,700.00$184,700.00153.2%
      Avg. Mortgage Payment $3,228.87$2,346.6937.6%
      Apartment Rent $1,789.00$949.0088.5%

      Transportation

      Item Eastmont National avg. Difference
      Gasoline $4.14$3.4619.7%
      Tire Balancing $65.57$59.929.4%

      Utilities

      Item Eastmont National avg. Difference
      All Electricity $163.64$193.9915.6%
      Phone $200.10$192.254.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hat Island, WA6111414.5%
      Canyon Creek, WA3,21812423.6%
      Granite Falls, WA3,96112625.9%
      North Marysville, WA13812726.8%
      Everett, WA110,84013433.5%
      Eastmont, WA22,82915050.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wilmot, ON22,827n/a 
      Keene, NH22,82311212.4%
      Granite Bay, CA22,81819190.7%
      Solon, OH22,85811414.0%
      Radcliff, KY22,796928.0%
      Eastmont, WA22,82915050.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.